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It is non toxic, non flammable product (so its probably not too good )
Is the acid metal prep you plan on using for the "liner" so-to-speak?
I think you will find that the product is mainly Phosphoric Acid (Coca Cola has a little in it). This coverts Ferric Oxide (rust) to Ferric Phosphate which neutralizes the rust. It is a bit of a white powder which should be brushed off before painting. The item should be painted / sealed in some manner as soon as possible. My 2 cents.Cheers Brian